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$6,500,000
Ontario,Mississippi Mills
For Sale Active
322 HONEYBORNE STREET, Mississippi Mills, Ontario K0A1A0
  • 34,208 Sqft
Basic Details
Description

Purpose-built 24-unit apartment building completed in 2020, located in the growing community of Almonte, approximately 20 minutes west of Ottawa. This modern three-storey asset features a strong and practical unit mix comprised of 17 two-bedroom units, 2 one-bedroom units, and 5 three-bedroom units, and is serviced by an elevator, making it attractive to a broad range of tenants and long-term

demographic demand.Suites range from approximately 650 to 955 square feet and feature efficient, open-concept layouts. Units are finished with laminate flooring, are equipped with fridge, stove, dishwasher, and window coverings. Coinamatic’s modern laundry facilities are conveniently located on every floor.From an operational standpoint, the property is designed for efficiency and ease of management. Tenants pay hydro, while the landlord pays gas heat, water, and sewer. The site offers approximately 30 parking spaces plus 5 visitor parking, with additional street parking available. Security features include controlled entry with intercom and camera-monitored common areas.As a newer construction, the property has benefited from favourable property tax treatment applicable to new multi-residential rental developments, subject to municipal tax classifications. In addition, as a post-2018 construction, the building benefits from rent control exemption, providing meaningful long-term income growth potential.Ideally situated within walking distance to grocery stores, pharmacies, restaurants, banks, parks, coffee shops, and essential services, the property benefits from Almonte’s continued population growth and proximity to Ottawa’s west end.A modern, scalable multifamily asset offering strong fundamentals, durable construction, and long-term stability in a supply-constrained rental market. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12757566
  • Price: $6,500,000
  • Square Footage: 34,208 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 280312
Features & Appliances
Features
  • Heating System: Natural gas, Hot water radiator heat
  • Cooling System: None
Address Map
  • Location: CA, Ontario, Mississippi Mills, K0A1A0
  • Street: Honeyborne
  • Street Number: 322
  • Street Suffix: Street
  • Longitude: W77° 49' 3.5''
  • Latitude: N45° 14' 14.4''
Additional Information
  • Water Source:
  • Business Type: Residential
  • Lot Size Dimensions: Bldg=53.29 x 71.81 M
Financial
  • Tax Annual Amount: 51421.56
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Listing updated: 2026-04-26 07:46:32
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Listing Information
  • List Agent Key: 1921285
  • List Office Key: 280312
  • Modification Timestamp: 2026-04-24T05:35:51Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-04-24T05:21:38Z
Powered by REALTOR.ca
Listing updated: 2026-04-26 07:46:32
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